National Crop Insurance Portal is related to which of the following schemes?

The correct answer is Pradhan Mantri Fasal Bima Yojana.

Key Points

• The National Crop Insurance Portal is an online platform designed to manage and monitor the implementation of the Pradhan Mantri Fasal Bima Yojana (PMFBY).
• PMFBY was launched on 13th January 2016 by the Government of India to provide comprehensive crop insurance coverage to farmers.
• Farmers can use the portal to register, upload documents, and track the status of their crop insurance claims.
• The scheme aims to protect farmers against crop losses due to natural calamities, pests, and diseases.
• It operates in coordination with insurance companies, state governments, and financial institutions to ensure transparency and efficiency in service delivery.

Additional Information

• Pradhan Mantri Fasal Bima Yojana (PMFBY)
  • The scheme provides insurance coverage for crops during pre-sowing, post-harvest, and mid-season adversity periods.
  • Farmers pay a nominal premium rate—2% for Kharif crops, 1.5% for Rabi crops, and 5% for commercial/horticultural crops.
  • The balance premium is subsidized by the central and state governments.
  • PMFBY promotes the use of remote sensing technology for crop damage assessment to ensure accurate and timely compensation.
  • The scheme is aimed at encouraging farmers to adopt modern agricultural practices and reduce their financial risks.
• Key Features of the National Crop Insurance Portal
  • The portal facilitates online enrollment of farmers under PMFBY.
  • It offers a centralized platform for monitoring crop insurance claims and premium payments.
  • Farmers can access real-time updates on their insurance status and claim settlements.
  • The portal enhances transparency and accountability in the crop insurance process.
• Benefits of Crop Insurance
  • Provides financial security to farmers in case of crop failure due to unforeseen events.
  • Encourages farmers to invest in better crop management practices and technologies.
  • Reduces dependency on informal credit sources during agricultural distress.
  • Supports government efforts to achieve sustainable agricultural growth.